Glowforge Raised $20M, Union.ai Secured $19.1M, and More Seattle Tech News
Seattle tech companies across a range of industries — from 3D laser printers and healthcare to AI and software security — raised venture capital last week. Read on to learn more about these innovative businesses and how their funds will be spent. This is the Built In Seattle Weekly Refresh.
Glowforge raised $20M. Glowforge develops 3D laser printers to engrave and cut things like leather, cardboard, paper and more. Having recently raised $20 million as part of an extended Series E round, the company plans to add new features and scale its subscription offering. This funding co-led by DFJ Growth and Foundry Group brings Glowforge’s Series E round to $63 million. [GeekWire]
Union.ai secured $19.1M. The Bellevue-based company allows its clients to develop artificial intelligence and data products at scale. The Series A round comes from NEA and Nava Ventures and will go toward expanding Union’s offerings. In addition to the funding, Union launched its Union Cloud product to North American and European AWS and GCP customers. Union Cloud helps businesses quickly and cost effectively deliver “highly reliable and impactful products that leverage the latest AI technologies,” the company said in a statement. [PR Newswire]
Seattle Tech Quote of the Week
“We want Cascade Health to become the infrastructure for healthcare transparency — an objective, neutral source for healthcare pricing and coverage. Our intelligent platform provides a window into all this that allows anyone on any side of the healthcare system to make data-driven decisions about the care they receive or deliver.” — Ana-Maria Constantin, CEO and co-founder of Cascade Health
Cascade Health pulled in $1.7M. Intended to provide transparency to the healthcare industry, Cascade Health’s platform uses AI to compile pricing and data from hospitals and insurance companies into datasets for its users, including employers, providers and patients. In addition to raising $1.7 million led by AlleyCorp, Cascade launched its first set of products: a generative AI assistant and APIs for data access. [PR Newswire]
Stacklok got $17.5M. As the open-source software industry continues to grow, so do opportunities for securing this software and mitigating risks. That’s what Stacklok aims to do with its security solution for enterprises. The Series A round will help the Seattle-based company further its mission of bringing enterprise-grade security tools to open-source developers. [BusinessWire]